Paragraph 4 F1

A defeat of arrangements (entered into by any person) which are promoted arrangements in relation to a person (“the promoter”) is a “relevant defeat” in relation to the promoter if the condition in sub-paragraph (2) is met.

The condition is that the arrangements are not related to any other arrangements which are promoted arrangements in relation to the promoter.

For the meaning of “defeat” see paragraphs 10 to 16.